Browsing Department of Economics (ECO) by Subject "D1"

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Browsing Department of Economics (ECO) by Subject "D1"

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    Title: The Right Amount of Trust  Author(s): BUTLER, Jeffrey V.; GIULIANO, Paola; GUISO, Luigi Date: 2009 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: A vast literature has investigated the relationship between trust and aggregate economic performance. We investigate the relationship between individual trust and individual economic performance. We find that individual ...
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    Title: A Test of Narrow Framing and Its Origin  Author(s): GUISO, Luigi Date: 2009 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: I provide a test of narrow framing to explain why individuals turn down small positive expected value lotteries. Participants in a large survey have been asked whether they would accept a small lottery of winning 180 euros ...
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    Title: Incomplete Cost Pass-Through Under Deep Habits  Author(s): RAVN, Morten O.; SCHMITT-GROHE, Stephanie; URIBE, Martin Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: A number of empirical studies document that marginal cost shocks are not fully passed through to prices at the firm level and that prices are substantially less volatile than costs. We show that in the relative-deep-habits ...
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    Title: Risk Aversion, Wealth, and Background Risk  Author(s): GUISO, Luigi; PAIELLA, Monica Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: We use household survey data to construct a direct measure of absolute risk aversion based on the maximum price a consumer is willing to pay for a risky security. We relate this measure to consumers.endowments and attributes ...